Math Lines at Murrey 21.07.2022 (USDCHF, GOLD) :: InvestMacro

Article by RoboForex.com

USDCHF, “US Dollar vs. Swiss Franc”

As we can see on the four-hour chart, after it bounced from the support level at 3/8USDCHF is holding together. In this case, the pair is expected to rise towards the resistance at 5/8. However, this scenario may be canceled if the price breaks 3/8 On the negative side. After that, the instrument may move down to reach the support level 2/8.

In the chart M15, the pair may break the ascending line of the VoltyChannel indicator and, as a result, continue its growth.

XAUUSD, “Gold vs. US Dollar”

As we can see on the 4 hour chart, XAUUSD is trading within the “Oversold Zone”. In this case, the price is expected to test -2/8rebounds from it, and then resumes moving up to reach the resistance level at -1/8. However, this scenario may not be valid if the price breaks the support level at -2/8 On the negative side. After that, the lines on the chart will be redrawn, which helps us to identify new landing targets.

In the chart M15, the pair may break the ascending line of the VoltyChannel indicator and, as a result, continue trading upwards.

Article by RoboForex.com

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Forecasts presented in this section only reflect the author’s own opinion and should not be considered guidelines for trading. RoboForex LP does not assume any responsibility for the trading results based on the trading recommendations described in these analytical reviews.